Destination XL Group, Inc. (NASDAQ:DXLG) traded at $0.69 at last check on Tuesday, Jun 30, making an upward move of 9.48% on its previous day’s price.
Looking at the stock we see that its previous close was $0.63 and the beta (5Y monthly) reads 1.63 with the day’s price range being $0.6113 – 0.7400. In terms of its 52-week price range, DXLG has a high of $1.93 and a low of $0.22. The company’s stock has gained about 47.4% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $57.23 Million, with a low of $84.73 Million and a high of $84.73 Million. The median projection represents growth adding up to -51.1% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $458.26 Million, or -3.3% down from figures reported last year.
On the other hand, looking at the outlook for the DXLG stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note that the PEG ratio for the DXLG stock currently stands at 0, and the current price level is 18.12% off its SMA20 and 49.87% from its 50-day simple moving average. The RSI (14) is pointing at 59.66 while the volatility over the past week is 21.64% and jumps to 27.41% over the past one month. The beta value is 1.67, while the average true range (ATR) is currently pointing at 0.12. The average price target for the stock over the next 12 months is $3, with the estimates having a low of $3 and a high of $3. These price ends are 334.78% and +334.78% off the current price level respectively, although investors could be excited at the prospect of a +334.78% if the DXLG share price touches on the median price of $3.
Let’s briefly compare Destination (DXLG) stock to its peers. We find that today’s price change of +9.48% and -64.2% over the past 12 months for DXLG competes that of Farfetch Ltd Cl A (FTCH), which has seen its stock price rise 0.09% in the latest trading session and is -16.35% over the last one year. Another of its peers Levi Strauss & Co. Cl A (LEVI) has dropped -0.53% today, but is -36.59% down over the past year, while Gap Inc (GPS) is also up 9.48% yet its price remains in the red at -64.2% over the same period. Farfetch has a P/E ratio of 0 compared to Destination’s 0 and Levi’s 13.58. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.04% and 0.46%, respectively, in early deals.
Coming back to Destination XL Group, Inc. (NASDAQ:DXLG), we note that the average 3-month trading volume was 2.1 Million, while that of the preceding 10-day period stands at 5.86 Million. Current shares outstanding are 51.08 Million.
According to data from Thomson Reuters, insiders hold 15.84% of the company’s shares while institutions hold 69.84%. The data shows that short shares as of June 14, 2020, stood at 1Million at a short ratio of 0.31. This represents a 1.96% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 1.01 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -50.78% down in year-to-date price movement.